Tata Sons Rubbishes Cyrus Mistry’s Allegations: Here’s What Happened

Updated: October 27, 2016 7:21 pm

The Cyrus Mistry-Tata row turned ugly with Tata Sons rubbishing the allegations of its sacked chairman as malicious. In a statement, Tata Sons said that it is unfortunate that Mistry is making all the allegations and misrepresenting facts about business decisions which he was party to for over a decade in different capacities. The company said response to Mistry’s allegations will be given in an appropriate manner. Mistry, in a confidential mail to the board members of Tata Sons, had expressed shock over his sudden removal as the chairman of the company and alleged fraud by Tata in Air Aisa venture beside claiming that the Nano project was incurring huge loss to the company and was being continued only due to emotional reasons. He had maintained that he was pushed as a ‘lame duck chairman’.